HCC §33-5
Property owners can advance money for district projects
Read the official text at hawaiicounty.gov ↗Property owners in a tax increment district may voluntarily pay for project costs. The money goes into the district's fund. If the money is not used within three years, it must be returned with any interest earned. The county may reimburse owners from the fund when the district ends, if money is available.
The ordinance, as written (Hawaiʻi County) — Private contributions
A copy, taken August 21, 2026. The version published by Hawaiʻi County is the one that governs, and it may have changed since. Check it before relying on anything here.
The owner or owners of real property located in a tax increment district or provisional tax increment district may advance funds for project costs. Any funds advanced under this section shall be deposited in the tax increment fund for the district. To the extent that such funds are used to pay project costs of the district, the council shall authorize partial or full reimbursement from the tax increment fund to the property owners who advanced such funds upon the termination of the district if money is available in the fund to make such reimbursement. If the funds advanced are not used to pay project costs within three years of the date they are advanced, the money shall be returned at that time to the property owners who advanced the funds along with the interest earned, if any, on the investment of the funds advanced while they were on deposit with the district. (1994, ord 94-76, sec 3.)33-5
Published by the County of Hawaiʻi Office of the County Clerk.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.